There is a newer version
of
this Section
2022 Code of Alabama
Title 27 - Insurance.
Chapter 40 - Insurance Premium Finance Companies.
Section 27-40-6 - Books and Records.
Universal Citation: AL Code § 27-40-6 (2022)
Section 27-40-6
Books and records.
(a) Every licensee shall maintain records of its premium finance transactions and the said records shall be open to examination and investigation by the commissioner. The commissioner may at any time require any licensee to bring such records as he may direct to the commissioner's office for examination.
(b) Every licensee shall preserve its records of such premium finance transactions including cards used in a card system, if any, for at least three years after making the final entry in respect to any premium finance agreement. The preservation of records in photographic form shall constitute compliance with this requirement.
(Acts 1975, No. 1042, p. 2088, §6.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
